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Primorsk and Ust-Luga Crude Loadings Gaining January

OIL

Urals and KEBCO crude oil loadings from Russia's Baltic ports of Primorsk and Ust-Luga are set to rise by 50% this month from December according to Reuters calculations.

  • Around 70% of January cargoes of Urals oil are heading to India.
  • China, which is seen as the second largest buyer of Urals in January, is also raising oil purchases in physical markets.
  • Supplies of oil from Russia and Kazakhstan via Primorsk and Ust-Luga will reach 7.1 million tonnes in January for the highest level since 2019, loading plans show.
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Urals and KEBCO crude oil loadings from Russia's Baltic ports of Primorsk and Ust-Luga are set to rise by 50% this month from December according to Reuters calculations.

  • Around 70% of January cargoes of Urals oil are heading to India.
  • China, which is seen as the second largest buyer of Urals in January, is also raising oil purchases in physical markets.
  • Supplies of oil from Russia and Kazakhstan via Primorsk and Ust-Luga will reach 7.1 million tonnes in January for the highest level since 2019, loading plans show.